The first debate of the US presidential election will be held at 9 pm Eastern Time on Thursday (27th). In addition to being seen as an opportunity for candidates to reverse the election situation, Wal... View MoreThe first debate of the US presidential election will be held at 9 pm Eastern Time on Thursday (27th). In addition to being seen as an opportunity for candidates to reverse the election situation, Wall Street analysts have also begun to think about what "Biden re-election concept stocks" or "Trump complete victory concept stocks" are? In addition, as the US election activities heat up, the issue of tariffs may also become a key risk for US stocks at any time.
Worried about retaliatory tariffs exacerbating geopolitical tensions
A report from Goldman Sachs pointed out that if tariffs are imposed on US companies' overseas businesses, stocks with high incomes in the international market may face resistance. On the one hand, it may come from the retaliatory tariffs that may be triggered, affecting US exports and increasing the trade deficit, thereby having a negative impact on the US dollar; on the other hand, it may exacerbate geopolitical tensions and affect investor confidence and market performance.
In addition, companies that rely on international suppliers may also face difficulties because they have to pay higher tariffs when importing raw materials or products into the United States, which naturally increases costs and may eventually be passed on to consumers, resulting in a decline in demand; at the same time, some companies may choose to absorb part of the costs, resulting in reduced profits.
Goldman Sachs also mentioned that there is great uncertainty about the scale and scope of the current tariff increase, but if Trump wins, it seems very likely that tariffs will be increased. Therefore, the US presidential election will have a relatively significant impact on companies facing the domestic or international markets. In fact, when the United States announced tariffs and other trade barriers against China under Trump in 2018, domestic sales performed 9 percentage points higher than international sales.
Biden's re-election is expected to promote electrification policies
Another major bank, UBS, listed "Biden's re-election concept stocks" and "Trump's complete victory concept stocks", among which Biden's re-election beneficiary stocks include electrical components and power grid companies based on electrification policies, such as Eaton (ETN) and Quanta Services (PWR); clean hydrogen production facility companies such as Air Products & Chemicals (APD); energy efficiency product manufacturers such as Johnson Controls (JCI) and Ingersoll Rand (IR).
In addition, it also includes waste management companies that benefit from renewable infrastructure and natural gas investment projects, such as Republic Waste Management (RSG) and Waste Management of America (WM); and solar energy, electric vehicle and charging infrastructure manufacturers Tesla (TSLA), First Solar (FSLR), NextEra Energy (NEE) and Sunrun (RUN) are also expected to benefit.
Trump is expected to relax capital flows on Wall Street
"Trump's victory concept stocks" include banks and consumer finance companies that benefit from the relaxation of Wall Street's capital liquidity rules, such as JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), KeyCorp (KEY), Synchrony Financial (SYF) and Discovery Financial (DFS); and financial institutions that benefit from reduced merger review activities, such as Goldman Sachs (GS), Morgan Stanley (MS), Evercore (EVR) and Lazard (LAZ).
In addition, it also includes natural gas producers that benefit from deregulation, such as Cheniere Energy (LNG), ExxonMobil (XOM) and ConocoPhillips (COP); insurance companies that provide broader health insurance coverage, such as UnitedHealth (UNH) and Humana (HUM); and pharmaceutical companies that face reduced risks of "collective procurement price reduction", such as Eli Lilly (LLY) and Merck (MRK).
As for semiconductor manufacturers, automakers and steel manufacturers that are expected to benefit from Trump's trade protection policies, they include Intel (INTC), Texas Instruments (TXN), Applied Materials (AMAT), KLAC, Ford Motor (F), General Motors (GM), Nucor (NUE) and Steel Dynamics (STLD).
Trump Media is a non-policy beneficiary stock
It is worth noting that since UBS pointed out that the above stock selection logic is entirely based on policy considerations, Trump Media (DJT), which has always been regarded as the most important Trump concept stock, and similar shares are not included in the list.
In fact, in addition to Trump Media, Phunware (PHUN), a big data analysis company known as "Cambridge Analytica 2.0", and AI solutions company Remark Holdings (MARK) have also been hyped in the past due to news about Trump.
With only four days to go before the first presidential debate, former Republican House Speaker Newt Gingrich reminded former Trump not to get angry when debating with Biden, but to respond with humor... View MoreWith only four days to go before the first presidential debate, former Republican House Speaker Newt Gingrich reminded former Trump not to get angry when debating with Biden, but to respond with humorous remarks instead. He also said that Biden has three major weaknesses and may not be re-elected.
In an interview, Gingrich described Biden as pitiful and dishonest. Trump does not need to take his attacks seriously, but can stay calm and fight back with humor. Gingrich gave an example, saying that Biden once claimed that he had known Russian President Putin for more than 40 years, but Putin was stationed in East Germany as a former Soviet intelligence officer in the 1980s and would not have contact with Biden at all. Trump could use this to mock Biden.
Gingrich also said that Biden once described his uncle Ambrose Finnegan as being eaten by local cannibals after his death in Papua New Guinea during World War II, but this remark was refuted by the Prime Minister of Papua New Guinea. Coupled with the scandal of Biden's son Hunter Biden, all kinds of controversies can be used as topics for Trump.
During the interview, Gingrich also mentioned Biden's three major weaknesses, namely policy failure, values that deviate from the mainstream, and old age that makes him incapable of being president. In terms of policy, the rising prices of all goods affect people's livelihood, and the continuous influx of undocumented immigrants also "rape and kill" local people. The responsibility lies with the current government; in terms of values, there are transgender students in elementary schools and athletes born male who can compete with women on the same field, which shows that the awakening culture of the left subverts society; in addition, when Biden recently went to Italy to attend the G7 summit, he walked away for no reason during the event, gave a thumbs up to the people on the scene, and then the Italian Prime Minister took him back to his original position for a photo.
Gingrich described that for the new generation of voters, Biden is not like their grandfather, but more like an old great-grandfather. The first debate will be held in Atlanta on the 27th, hosted by CNN.
Trump said that he has already decided on a candidate for the vice president, who will also appear at the first presidential debate on the 27th.
Trump was interviewed during a campaign event in Phila... View MoreTrump said that he has already decided on a candidate for the vice president, who will also appear at the first presidential debate on the 27th.
Trump was interviewed during a campaign event in Philadelphia on the 22nd. When asked by reporters whether he had decided on a candidate for the vice president, Trump replied, "In my mind, yes," and said that this person "is likely" to go to Atlanta together on the 27th to attend the first presidential debate between him and Biden. But Trump also said that no one outside knows his choice for the time being, and he believes that the decision will be announced before the Republican National Convention.
The Republican Party will hold a convention between July 15 and 18, when it will formally nominate Trump to run for president. As for the vice presidential candidate, it is reported that North Dakota Governor Doug Burgum, Republican Senator J.D. Vance and Marco Rubio are the three most popular candidates. Another source revealed that Burgum and Vance are most likely to win. Although Rubio is also under consideration, he and Trump are both from Florida, and one of them needs to register an out-of-state address, so the procedure adds variables.
Brian Hughes, a senior adviser to the Trump camp, said that the most important criterion for the team to select the vice presidential nominee is that the person must have leadership ability and be able to run again as a presidential nominee after completing a four-year vice presidential term to continue the Republican Party's ruling time.
In preparation for the first presidential debate on the 27th, it is reported that Trump has held several informal policy meetings with his staff, and popular potential vice presidential candidates have also participated. Vance has participated in meetings on economic and inflation issues. In addition, when Trump visited the capital Washington earlier this month, he also discussed running for office with Rubio.
This year's Republican National Convention will be held in Milwaukee, Wisconsin. Previous reports revealed that Trump once described Milwaukee as a "terrible" city, but the camp later clarified that the local situation was poor because of the poor management of the Democratic Party.
U.S. Treasury Secretary Janet Yellen said in a speech in New York on the 13th local time that in order to improve competitiveness and promote economic growth, the United States must address long-stand... View MoreU.S. Treasury Secretary Janet Yellen said in a speech in New York on the 13th local time that in order to improve competitiveness and promote economic growth, the United States must address long-standing structural challenges.
On the same day, Yellen attended an event hosted by the Economic Club of New York and said that for decades, the U.S. economic growth rate has slowed down, income inequality is deeply rooted, deindustrialization is serious, and communities in many parts of the country have become hollowed out. The labor participation rate of people in the prime age without a college degree has declined. Too many American workers and American companies have failed to fully realize their potential.
Yellen said that the traditional supply-side economic model relies too much on tax cuts to stimulate investment and has failed to benefit enough workers. The United States must use modern supply-side economics to enhance three key areas, namely infrastructure, human capital and labor force participation, and research and development and strategic industry investment.
When talking about infrastructure construction, Yellen pointed out that analysis shows that for every 10% increase in the stock of physical infrastructure, economic productivity will increase by more than 2%. However, the proportion of U.S. infrastructure investment in gross domestic product (GDP) has fallen by more than 40% in the past 60 years or so, airports have become old, ports have been restricted, and high-speed Internet access is uneven. It is generally believed that these outdated infrastructures have hindered the development of the U.S. economy.
When it comes to labor factors, Yellen said that the United States faces major challenges. She said that over the past 20 years, the labor force participation rate in the United States, especially the male labor force participation rate, has been declining. It has become more difficult for people to get good jobs, especially for most Americans over the age of 25 who do not have a college degree. At the same time, companies say it is difficult to find suitable talents.
Speaking of R&D and strategic industrial investment, Yellen emphasized that the United States needs to enhance its competitiveness in cutting-edge industries such as semiconductors and clean energy. On this issue, she said that the United States' practice of improving the competitiveness of major domestic industries is often criticized as protectionism, and some people even believe that the United States is withdrawing from the global economic stage. In fact, the United States has no intention of withdrawing from the global market.
Yellen said that modern supply-side economics advocates that the government cooperate with the private sector to create a favorable environment for enterprises through public intervention and promote private sector investment. The relevant investment will focus on public infrastructure, education and labor training, and government-supported basic research. I believe this will not only benefit workers and families, but also companies and the economy.
In her speech, Yellen also mentioned that countries around the world are paying attention to the interaction between the United States and China. She said that China provides a huge market for American companies and supports more than 700,000 jobs in the United States. The United States is not worried about healthy economic competition and does not seek to "decouple" from China. She and US President Biden agree that "decoupling" from China will not bring any benefits to the US economy, and the two countries need to realize the potential benefits of economic relations in a fair competitive environment.
Biden and Ukrainian President Zelensky signed a 10-year bilateral security agreement on Thursday, under which the United States will provide Ukraine with a series of military assistance and training o... View MoreBiden and Ukrainian President Zelensky signed a 10-year bilateral security agreement on Thursday, under which the United States will provide Ukraine with a series of military assistance and training over the next 10 years. Biden stated that the goal of the agreement is to strengthen Ukraine's long-term and reliable defense and deterrence capabilities, and to send a clear signal to Russian President Putin that the United States and its allies have not weakened their support for Kiev and do not expect them to withdraw. Zelensky described this as a historic day in the fight against Russia, and the agreement will be a bridge for Ukraine to become a member of NATO.
Zelensky: A historic day in the fight against Russia
The 10-year agreement stipulates that the two sides will work together to establish and maintain Ukraine's reliable defense and deterrence capabilities, strengthen Ukraine's ability to maintain combat for a long time, and achieve a just peace based on respect for Ukraine's rights under international law; and Ukraine's lasting peace must rely on Ukraine itself to resist future aggression.
If Russia attacks the United States and Ukraine in the future, the highest-level consultations will be held within 24 hours
The agreement also states that if Russia launches any attack in the future, the two sides must hold the highest-level consultations within 24 hours. The agreement will accelerate Ukraine's Euro-Atlantic integration, including through Ukraine's reform of its democratic, economic and security institutions in line with its goal of joining the European Union and NATO's reform plan.
Biden reiterated that the United States will not send troops to Ukraine and does not intend to allow Ukraine to use American weapons to strike targets deeper into Russian territory, but will continue to provide weapons, ammunition, intelligence, military training and investment support for Ukrainian defense enterprises.
Zelensky thanked the United States for its support and believed that the agreement was a bridge for Ukraine to integrate into NATO. He said that winning the Russian-Ukrainian war depends on how long the unity of the allies can be maintained.
But according to U.S. officials familiar with the details of the agreement, the agreement points the way for the United States and Kiev's long-term security relationship, but it may also be canceled by future U.S. governments.
Not necessarily binding on future presidents
The commitment is expected to be an executive agreement, not as formal as a treaty, and not necessarily binding on any future president.
Republican presidential candidate and former President Trump did not make it clear whether he would continue to support Ukraine if he won the November election? He only said that he would quickly end the Russian-Ukrainian war through negotiations, but did not explain how to proceed.
Joe Biden, a Democrat who has long announced his reelection bid, is often attacked by the Republican camp for domestic and foreign affairs, and family affairs are also a major concern in his political... View MoreJoe Biden, a Democrat who has long announced his reelection bid, is often attacked by the Republican camp for domestic and foreign affairs, and family affairs are also a major concern in his political arena. Biden's second son was convicted of three charges for buying a gun during his drug addiction in 2018, and the heaviest sentence could be 25 years in prison. , former President Donald Trump, who is about to fight Biden again, leads Biden by 2 percentage points, but neither of them has more than half of the support.
There are still about 5 months before the 2024 presidential election voting day on November 5, and many American voters are still waiting and watching. The latest two-day poll conducted by Reuters in cooperation with the polling company Ipsos ended on Tuesday (11th), and the poll results were announced on Thursday. If voting now, 41% of registered voters choose to vote for Trump, 39% will support Biden, and 20% said they have not yet decided who to vote for, tend to support candidates nominated by third forces, or even will not vote. Trump's lead is within the 3% error range of the poll.
Biden, 81, has 41% support, while Trump, 77, has 39%, with Biden leading slightly. The latest poll shows that if the independent candidate, 70-year-old Robert F. Kennedy Jr., is taken into consideration, 10% of the voters surveyed will vote for Kennedy, and his support rate has not changed compared with the previous time.
Biden and Trump each have their own headaches on the judicial topic in this election campaign. Biden's 54-year-old second son Hunter Biden bought a gun while addicted to drugs in October 2018. He was charged with lying to the clerk, making false statements when applying to the government to buy guns, and possessing illegally obtained guns. On the 11th of this month, the jury of the Wilmington Court in Delaware found all three charges to be true, and the maximum sentence may be 25 years in prison and a fine of $750,000. Hunter Biden is a first-time offender, and the criminal responsibility may not be considered heavier. Biden has thus become the first president in American history to have his children convicted during his term.
Trump was convicted of all 34 counts of commercial fraud in the hush money case involving porn stars, becoming the first president in U.S. history to be convicted of a felony. He paid a considerable sum to Stormy Daniels, an adult film actress who had an affair with him earlier, before the 2016 presidential election in exchange for her silence about their sexual relationship during the election. The recent trial of this case has attracted national attention, and Daniels' testimony in court has stolen the limelight. Last month, a jury in Manhattan Court in New York found Trump guilty of all charges in this case, and the verdict is expected to be announced in July. Trump has three more criminal cases to be resolved, all related to his defeat in the 2020 election and improper handling of sensitive documents after leaving office in 2021.
The latest poll conducted by Reuters and Ipsos this week sent out online questionnaires to 930 registered voters, but 80% of the respondents said that Hunter Biden's guilty verdict in the aforementioned case would not affect their voting intentions, while 61% said that their voting intentions would not change because of Trump's conviction in the hush money case.
Under the protection of the Republicans, the House of Representatives voted to accuse Attorney General Merrick Garland of refusing to hand over the recording of Biden's interview in the case of Presid... View MoreUnder the protection of the Republicans, the House of Representatives voted to accuse Attorney General Merrick Garland of refusing to hand over the recording of Biden's interview in the case of President Biden's confidential documents, and his behavior has constituted contempt of Congress. Garland criticized the Republicans for indulging in political struggles and ignoring the principle of separation of powers in the Constitution.
The House of Representatives voted 216 to 207 on the 12th to find Garland in contempt of Congress. Although many moderate Republican members had reservations during the process, they still voted according to the position of the party group. Only Dave Joyce from Ohio voted against it.
Garland issued a statement that night, criticizing the Republicans for abusing serious congressional power and "ignoring the principle of separation of powers in the Constitution, the need for the Department of Justice to protect investigations, and the fact that the department has provided a lot of information to the committee", which is deeply disappointing. Garland emphasized that he would always support the Department of Justice and its employees, and also take defending the democratic system as his mission.
After Robert Hur, a special prosecutor at the Department of Justice, investigated Biden's confidential documents, he described Biden's memory decline in his report. The House of Representatives then asked the Department of Justice for recordings of Biden's interviews, but Garland only handed over written records, laying the groundwork for the struggle. After this vote, Garland became the third attorney general in the country's history to be charged with contempt of Congress, but because he himself is in charge of the Department of Justice, the probability of being sued by officials under his jurisdiction is very small, so the symbolic significance of the vote is greater than the actual effect. Despite this, House Speaker Mike Johnson still described the result as satisfactory, emphasizing that the House must fulfill its duties.
The White House and the Democratic Party criticized that Jim Jordan, chairman of the House Judiciary Committee, a Republican, refused to cooperate with the investigation of the Capitol riots, but this time he took the lead in targeting Garland, reflecting that the action was purely for political purposes.
Last week, the Biden administration issued the most stringent asylum ban during its tenure, authorizing the federal government to "block the border" when necessary. On the 12th, immigration rights gro... View MoreLast week, the Biden administration issued the most stringent asylum ban during its tenure, authorizing the federal government to "block the border" when necessary. On the 12th, immigration rights groups filed the first lawsuit against the executive order. The American Civil Liberties Union (ACLU), which participated in the court, accused the executive order of being inconsistent with the law requiring the government to allow foreign refugees to apply for asylum.
Biden encountered challenges just one week after signing an executive order to launch a new border policy. The ACLU and other immigration organizations filed a lawsuit in the federal court in Washington, D.C., and issued a statement criticizing the new measures for setting up a "blocking" mechanism to prevent illegal immigrants from seeking asylum in the United States, which violated current federal law.
Lee Gelernt, an ACLU representative lawyer, said that the asylum regulations clearly state that foreign citizens must be able to seek asylum regardless of where they enter the country. Former President Trump used similar means to prevent immigrants from entering the country, but the measures at the time were rejected by the court. It can be seen that Biden's policy this time also lacks reasoning, and "there is no doubt" that administrative measures alone cannot achieve the goal. Gelernt also questioned that many restrictions in the executive order were too strict. For example, if entrants want to apply for an exemption, they must find a lawyer to assist within 4 hours.
The institutions that jointly filed the lawsuit include the National Immigrant Justice Center and the Center for Gender and Refugee Studies.
The number of illegal immigrants at the southern border continues to be high, which puts Biden under pressure before the election. Therefore, he issued an executive order earlier this month. Once the number of people crossing the border exceeds 2,500 per day, border law enforcement agencies can immediately "block the border" and no longer accept asylum applications. Illegal immigrants who are intercepted can be quickly deported within a few days or even hours. Since the number of people entering the country every day has reached about 4,000, the ban has taken effect immediately on June 5.
The closure order also has a lifting condition. If the number of illegal immigrants is less than 1,500 for 7 consecutive days and the situation remains for two weeks, the government will accept asylum applications again, but this level has not been seen for many years. The last time was during the COVID-19 pandemic in July 2020.
The Biden administration insists that this measure has multiple exemptions, which is different from the immigration ban during the Trump era. Specifically, minors who enter alone, victims of human trafficking, and people who make appointments through the Customs and Border Protection (CBP) mobile app are not included in the fast deportation.
In addition to immigration organizations, some Democratic lawmakers also questioned the new measures. Senator Alex Padilla said that the executive order cannot solve the crisis on the southern border. It will only cause people who could legally apply for asylum to be unable to enter safely and be harmed again, just like the ban during the Trump era.
Berkshire Hathaway, the investment flagship of "stock god" Buffett, has increased its holdings in Occidental Petroleum (OXY) again! According to the SEC documents, Berkshire Hathaway increased its hol... View MoreBerkshire Hathaway, the investment flagship of "stock god" Buffett, has increased its holdings in Occidental Petroleum (OXY) again! According to the SEC documents, Berkshire Hathaway increased its holdings by 2.5655 million shares at an average price of $59.752 per share from Wednesday to Friday last week (5th to 7th), worth about $153 million.
Occidental Petroleum's stock price closed at $59.48 last Friday, down 1%. So far, Berkshire Hathaway holds about 250.6 million shares of Occidental Petroleum.
The US Federal Reserve will hold a Federal Open Market Committee (FOMC) meeting on Wednesday (12th) to announce the results of the interest rate meeting. As US inflation fell in April and the ISM manu... View MoreThe US Federal Reserve will hold a Federal Open Market Committee (FOMC) meeting on Wednesday (12th) to announce the results of the interest rate meeting. As US inflation fell in April and the ISM manufacturing PMI data in May contracted for two consecutive months, the market's opinion on the start of interest rate cuts this year has not changed.
However, Citigroup and JPMorgan Chase, which originally expected a rate cut in July, revised their forecasts after the non-agricultural employment data released last week was much higher than expected. The former expected the rate cut to be postponed until September, and the latter even said that the rate cut would not start until November.
Andrew Hollenhorst, chief US economist at Citigroup, said that the US economy and labor market seemed to be slowing down, but the employment data in May was unexpectedly strong. The Fed may tend to wait and see and cut interest rates only when inflation slows down; Citigroup reduced its expectation of rate cuts this year from 4 to 3, and expected rate cuts in September, November and December. JPMorgan believes that the real turn for the weak labor market may not appear until another 3 months, and has reduced its forecast of rate cuts this year from 3 to 1.
The market is currently paying close attention to this week's FOMC meeting. The latest economic forecast and dot plot will be released a few hours after the May US CPI data is released on the same day. Since the beginning of this year, the decline in US inflation has slowed down, and Wall Street banks have revised their expectations for interest rate cuts many times. At present, at least 6 major banks expect the US to cut interest rates in September, and at least 4 predict that the rate cut will not happen until December.
After Trump's hush money case suspected that the jury verdict was leaked in advance, Trump's supporters asked the court to declare the verdict invalid, and his legal team may follow up.
Trump's suppo... View MoreAfter Trump's hush money case suspected that the jury verdict was leaked in advance, Trump's supporters asked the court to declare the verdict invalid, and his legal team may follow up.
Trump's supporters left messages on social media. Among them, Jenna Ellis, a lawyer who had handled other cases for Trump and was sued in the Georgia election dispute, said that "a juror may... violate confidentiality regulations" in the hush money case. Republican Congresswoman Marjorie Taylor Greene, who represents Georgia, also said that if the matter is true, it reflects that "Trump never had a chance to prove his innocence." It is speculated that Trump's lawyers may request an investigation, including hoping that the presiding judge Juan Merchan will question the jurors to determine whether each person has been influenced by the outside world or violated the ban on discussing the case with the outside world.
Merchan wrote to the prosecution and defense on the 7th, saying that someone had left a message on the Facebook page of the New York State Court, and the netizen who posted the message said that his relative was a juror, foreshadowing that "Trump was convicted, thank you for your hard work." Since the post appeared on May 29, and the court did not officially announce the verdict until the 30th, the incident made people wonder whether the verdict was leaked in advance. Merchan said that it is still necessary to investigate whether the netizens involved were just playing a prank or really leaked the result in advance.
Neama Rahmani, president of the West Coast Trial Lawyers Association, commented that in similar cases, the defense can request a retrial, but because of the high costs involved, lawyers must prove that the lawsuit "has improper external influence and bias, and the situation affects the result." Sporadic comments on social media alone are not enough to draw such a conclusion. The court must prove that the jurors discussed the case with others.
Bradley Moss, a legal expert and lawyer who has always criticized Trump, said that the account that left the message on Facebook this time was obviously a fake account. The pro-Trump camp may have used this to confuse the public and then took the opportunity to spread conspiracy theories. The series of actions is not surprising. The jury found Trump guilty of all 34 counts of falsifying business records, and the court tentatively scheduled July 11 for sentencing.
Just as the prices of drugs such as insulin in the United States have fallen, and surveys show that American voters generally believe that President Biden deserves the credit, former President Trump s... View MoreJust as the prices of drugs such as insulin in the United States have fallen, and surveys show that American voters generally believe that President Biden deserves the credit, former President Trump said that the credit actually belongs to him. When he was in office, he first proposed the plan, and Biden just sat back and enjoyed the fruits of his labor.
On the 8th, Trump posted on his "Truth Social" that it was "I and the Trump administration" who fought for millions of people to lower the price of insulin. Biden had nothing to do with it. The other party "is trying to attribute what others have done to himself." Analysis describes that Trump and Biden will hold their first presidential debate on the 27th of this month. Since the issue of medical and drug prices affects people's livelihood, it is not ruled out that Trump hopes to dominate public opinion this time and create favorable conditions for the debate.
According to data, Trump signed an executive order in his last year in office to set the upper limit of insulin prices at $35. After taking office, Biden suspended the implementation of many policies of the previous administration, and then issued a series of measures to control drug prices in the 2022 "Inflation Reduction Act" and capped the price of insulin in the "Medicare" plan at no more than 35 yuan per month. Biden even promised to expand this policy to all those in need when he delivered his State of the Union address in March this year.
On other health care issues, Trump has been trying to repeal the Obama-era Affordable Care Act (ACA) while in office, but has not announced a replacement plan. He also made this promise in this year's election, but never mentioned the details of the policy.
The latest poll by the private organization Kaiser Family Foundation shows that Biden's support on health care issues is 11 percentage points ahead of Trump, and he also maintains an advantage on other health-related issues.
When attending a Democratic Party event in Detroit, US Vice President Harris publicly criticized former US President Trump for the first time on the hush money case, questioning his claim that the hea... View MoreWhen attending a Democratic Party event in Detroit, US Vice President Harris publicly criticized former US President Trump for the first time on the hush money case, questioning his claim that the hearing was manipulated, which was tantamount to attacking the country's judicial system, and that the "liar" nature has not changed and should be "disqualified from the election."
Harris gave a speech at a Democratic Party dinner in Michigan on the 8th, during which she fiercely criticized Trump, accusing him of complaining about judicial injustice, and the real reason was that "liars don't like to be caught red-handed." Regarding Trump and Republicans' repeated doubts that the hush money case was unfair and the Department of Justice was behind it, Harris denied that the Biden administration manipulated the lawsuit, emphasizing that it was the Manhattan District Attorney in New York who investigated the case, and the jury also found Trump guilty of all 34 charges. Moreover, Trump's lawyers had participated in the selection of jurors, but only complained with various excuses when they found out that the results were unfavorable afterwards.
Harris also said that if Trump returns to the White House, he will retaliate against his political opponents, and that the other side thinks that he is above the law. Anyone who has such an idea "should be disqualified from the presidential election." The media described this as Harris's sharpest criticism of Trump ever. As of press time, the Trump campaign has not responded.
In addition to this concentrated fire, Harris recently appeared on the TV show "Jimmy Kimmel Live!" and made similar remarks. At that time, she responded to Trump's conviction for the first time on the show, calling on voters to elect "a president who is responsible for the people" and praising President Biden for his efforts to improve people's livelihood, including trying to reduce the price of drugs such as insulin.
At the party dinner in Detroit, although Harris focused on Trump, her opening remarks mentioned Biden's Middle East policy and his efforts to mediate a ceasefire in Gaza, which caused dissatisfaction among pro-Palestinian people. A demonstrator stood up and shouted slogans, but was quickly expelled from the venue. Harris said on the stage that she valued the voice of opposition, "but I am giving a speech now."
This is Harris' third visit to Michigan, a key state, this year. Accompanied by African-American actor Octavia Spencer, she attended a fundraising event in Ann Arbor on the 8th and visited an African-American bookstore in Ypsilanti.
Michigan itself is a manufacturing powerhouse in the Midwest. In the 2020 election, Biden's vote share was only 2.78 percentage points higher than Trump's. Therefore, the situation of the November election this year is of concern. This year, the two sides are evenly matched in local polls, but what is unfavorable to Biden is that Michigan is home to many Arab and Palestinian voters. The community reacts strongly to the war between Israel and Hamas, which may affect their support for the Democratic Party.
On the 7th local time, former US House Speaker Pelosi said in an interview that it was "wrong" to invite Israeli Prime Minister Netanyahu to speak at the US Congress. She said Netanyahu's speech would... View MoreOn the 7th local time, former US House Speaker Pelosi said in an interview that it was "wrong" to invite Israeli Prime Minister Netanyahu to speak at the US Congress. She said Netanyahu's speech would "attract protesters" to Capitol Hill.
Israeli Prime Minister Netanyahu is expected to deliver a speech at a joint meeting of the US Senate and House of Representatives on July 24. Fox News said that Pelosi was asked in an interview with CNN whether she would invite Netanyahu to give a speech if she was still the Speaker of the House of Representatives. To this, she replied: "Absolutely not." Pelosi said, "I think it's wrong... I think it's very sad that he was invited, who knows if he will still be prime minister by then. What will Benny Gantz say tomorrow (8th)? What will happen? All the news I see says that they are not happy with this or that. Not just Benny, but other members of his cabinet." Pelosi added, "I think this will lead to more of what we have seen, that our own people are dissatisfied with what is happening there. Let's work to achieve a two-state solution and achieve peace in the region instead of going to the Capitol to attract protesters." Israeli opposition leader and wartime cabinet member Benny Gantz will announce on the evening of the 8th local time that the National Unity Party he leads will withdraw from the emergency coalition government, fulfilling the ultimatum he issued to Netanyahu last month. Gantz's office announced on the 7th that he will issue a statement at 8:40 p.m. local time on the 8th. Gantz said on May 18 that he required the current government led by Netanyahu to complete the formulation of the post-war governance plan for Gaza by June 8, otherwise he will lead his party to withdraw from Israel's emergency coalition government. Pelosi's remarks sparked doubts online, with some people mentioning that she had strongly supported inviting Ukrainian President Zelensky to speak to the U.S. Congress. Some American netizens criticized, "She let Zelensky speak to Congress and fly the Ukrainian flag in our capital! She is a liar."
Others commented, "How can Pelosi know what is right and what is wrong? She only knows what is best for her power."
A senior border official revealed that the number of undocumented immigrants arrested for illegally crossing the US-Mexico border fell on the 7th, indicating that the Biden administration's restrictiv... View MoreA senior border official revealed that the number of undocumented immigrants arrested for illegally crossing the US-Mexico border fell on the 7th, indicating that the Biden administration's restrictive new measures have stopped some undocumented immigrants.
The anonymous official said that the Border Patrol arrested about 3,100 illegal border crossers on the 7th, about 20% less than in the previous few days. "It's too early to say that this is a definite trend, but I think it indicates that the policy has achieved results in the early stages."
With the presidential election approaching in November, immigration issues have become a top concern for the American people. Democratic President Biden, who is seeking re-election, will once again face Republican former President Trump, who has taken a tough stance on undocumented immigrants, in this year's general election.
When Biden took office in 2021, he promised to reverse many of Trump's restrictive immigration policies, but in the face of record numbers of undocumented immigrants at the border, Biden's position has become tougher.
Biden implemented a comprehensive policy on the 5th to suspend asylum applications when the number of undocumented immigrants illegally crossing the US-Mexico border reaches a certain level. However, this asylum restriction order is an exception for unaccompanied minors, people facing serious medical or security threats, and victims of human trafficking.
The new policy is designed to maximize the number of undocumented immigrants who are placed in "expedited removal," a fast-track deportation process. The official said that since the 5th, more than 2,000 people have been urgently transferred every day, more than double the previous number.
However, the American Civil Liberties Union vowed to sue and stop the measure, which is similar to the Trump-era restrictions on asylum for undocumented immigrants.
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